New Delhi: With the end of the financial year 2021-22, the process of appraisal has started for those working in the private sector. According to a report, there can be a good increase in salary this year. Indian industry can increase salary by an average of 9 percent this year. People working in the manufacturing and infrastructure sector can get the most benefit from it. According to the Michael Page Salary Report 2022, the standard wage increase in 2022 is going to be 9 percent as against 7 percent in 2019.
It has been said in the report that in some sectors this increase can be close to 12 percent. In this report, better growth is also being said in the banking and financial services sectors. The report said that professionals in the computer science sector, e-commerce and other sectors undergoing digital transformation may see a relatively higher salary increase this year in India. Data scientists (especially those familiar with machine learning), web developers and cloud architects are in high demand in India. Those earning a bachelor's degree or master's degree from good universities in these fields can be of great benefit.
The Michael Page Salary Report 2022 is based on information and facts from its proprietary data and network in India. This includes job advertisements and placements done in 2021. In this the salary for the year 2022 has been estimated.
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